commercial loan: is west coast in the grip of foreclosure, or sub prime melt down. - 02/26/07 05:22 AM
West Coast has been bearish with the foreclosure up for more than a decade. With the market crossing the peak last year. Company like Ownit, Concorde, and 50 other consumer lender going out. Has made the Wall Street worry of the state of real estate for the short term. Consumer spending going … (1 comments)
commercial loan: information about interest only - 12/15/06 03:17 AM
Do Interest-Only loans go into Interest-Only (IO) securities? Not necessarily. But most (the ones in which the interest and principal payments are split) are structured so that investors receive only interest on the amount of outstanding principal. Therefore, the return on IOs is inversely related to the speed of prepayments. When … (0 comments)
commercial loan: does a good loan officer really care what rates do? - 12/15/06 03:12 AM
A fool and their money are soon invited everywhere! If a loan officer knew exactly what rates were going to do, would that make a difference in the amount of business that they funded? Many would argue "no", since some believe that market timing takes a back seat to good marketing and … (0 comments)
commercial loan: mortgage prattle - 12/11/06 08:10 AM
Last month in Pennsylvania two borrowers participated in that state's first paperless home sale. The story can be found in: http://www.centredaily.com/mld/centredaily/business/16049625.htm. Worthy of note was that there was no mortgage involved, but it is still interesting to skim through the story. With "subprime" loans in the news, what about "Alt A"? In … (0 comments)
commercial loan: don't be the last to default - 12/05/06 04:02 PM
California home-loan defaults rose to their highest level in four and a half years last quarter as lower sales of houses and condominiums and slowing price gains made it harder for homeowners to sell and pay off mortgages. Banks and other lenders sent 26,705 default notices to California homeowners, more … (0 comments)
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West Coast has been bearish with the foreclosure up for more than a decade. With the market crossing the 
